The company was formed as Coca-Cola European Partners on 28 May 2016 as a result of the combination of the three main bottling companies for
The Coca-Cola Company in Western Europe:
Coca-Cola Enterprises,
Coca-Cola Iberian Partners, S.A. and
Coca-Cola Erfrischungsgetränke AG. The combination created the world's largest independent Coca-Cola bottler based on net revenues. Since the merger, CCEP has recorded solid revenue growth, reporting €20.4 billion in annual sales in the 2024 financial year. The company was first listed on the
London Stock Exchange in March 2019, with shares being traded in
euros. Following the acquisition of Australian bottling company
Coca-Cola Amatil, the company changed its name from
Coca-Cola European Partners to
Coca-Cola Europacific Partners on 10 May 2021. In December 2022, the company bought the naming rights to
Erebus Motorsport in the
Supercars Championship. The team competed under the name Coca-Cola Racing by Erebus for the
2023 and 2024 seasons. On 23 February 2024, Philippine-based
Aboitiz Equity Ventures Inc. (AEV) announced that it has jointly acquired
Coca-Cola Beverages Philippines Inc. together with Coca-Cola Europacific Partners (CCEP) for $1.8 billion on a debt-free, cash-free basis. CCEP will hold a 60% stake, while Aboitiz Equity Ventures will take up the remaining 40% stake. == Business operations ==